4815 State Highway 121 The Colony, TX 75056

This single-tenant office condo fronts State Highway 121, presenting a low-maintenance investment opportunity in a rapidly growing North Texas corridor. The property offers passive income through an NNN lease, characterized by minimal landlord responsibilities and potential for increased value due to below-market rent. Renewal options provide both immediate cash flow and long-term value. The interior was finished in 2024 and includes 7 rooms, 2 restrooms, 2 showers, and 1 break room. Plumbing is available in all 7 rooms, along with washer and dryer hookups and showers, making it suitable for professional or medical users. Pylon signage along State Highway 121 provides high visibility and branding opportunities. The property is currently occupied by a stable tenant, generating a net annual income of $46,800, with a strong likelihood of lease renewal. Zoned PD 11, the property accommodates a range of uses, including medical, dental, general offices, personal services, and tutor centers. The building is located among multiple established medical clinics, creating synergy and consistent foot traffic. Situated in a dense commercial environment within an affluent area, the location boasts an average household income of $150,000 and has experienced over 12% population growth since 2020. The property is suitable for both investors and owner-users and is managed by the 121 Office Plaza Condominium Association. The lot size is 0.0447 acres.